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Jacko's P&P Trend Trading Method

  • #1
  • First Post: Oct 10, 2007 4:18pm Oct 10, 2007 4:18pm
Hello Jacko and Jacko enthusiasts,

I have started this thread in order to provide a place for traders to post their trades, thoughts, charts etc based on Jacko's popular trend trading and A-H strategy.

In doing so, I hope to free-up Jacko's trading journal from the many non-Jacko posts and alleviate some peoples frustration with that.

Jacko, if course, if you are not happy with this idea then I will gladly ask the mods to close this thread.

Enjoy,

Neil.
  • #2
  • Oct 10, 2007 4:29pm Oct 10, 2007 4:29pm
The title was supposed to be 'Jacko's P&P Trend Trading Method'. God knows where the 'amp' came from. Is it possible to change a thread title?

Neil.
  • #3
  • Oct 10, 2007 5:07pm Oct 10, 2007 5:07pm
Quoting Neilg36
The title was supposed to be 'Jacko's P&P Trend Trading Method'. God knows where the 'amp' came from. Is it possible to change a thread title?

Neil.
Hey Neil, your idea is good and I sustain it. You can count on me for posting Jacko's type trades here.

I am still playing with Jacko's method, which I think is one of the greatest ever - and I am using it with a small real account, with 0.01 lots, just to learn.

Currently I try to implement his strategy in EU, Aud Usd and Usd Cad, because these pairs all trend very strongly and the daily range is almost the same, around 80 - 100 pips, so a 50 pip stop works perfectly.

My current trades are only in EU - I bought at 1.4100, and the trade is trailed now to 1.4120 - because EU made a high at exactly 1.4170... I will just wait and see what happens; it looks like now its in a retrace period, but looking on the daily, it seems that EU finally resumed its uptrend. I hope so at least...

For Usd Cad, im short from 0.9870, stop at 0.9840, trailed 50 pips.
We leave no soldier behind.
  • #4
  • Oct 10, 2007 9:23pm Oct 10, 2007 9:23pm
Neil thanks for doing this. Hopefully this will allow Jacko's journal to remain clean and continue providing benefit to everyone. I will be following along with this journal also and wish you great success in your trading.

AFX
  • #5
  • Oct 11, 2007 4:20am Oct 11, 2007 4:20am
Hello guys, this is my first post

I read jacko`s thread over the last days and i was really impressed.
I am new to FX and just started to gather information about 1 month ago (which means i am a neeewwwbieee) and this seems to be a simple, but effective approach(which fits to my personality, i hope), so i started paper trading it 2 days ago...

I have a 1000 € demo acc at oanda, risked 1% of my balance and went long at 1.4107 (I know that`s not a round number, but let`s talk about discipline later on).

Am i right that i only trail the stoploss now and just wait to get hit? I don`t have any gut feelings yet

greets from Germany(excuse my English)
Lars
  • #6
  • Oct 11, 2007 4:24am Oct 11, 2007 4:24am
Nice initiative...

I refrain from posting there as I know it is not that welcome, so here´s the place...

  • #7
  • Oct 11, 2007 4:55am Oct 11, 2007 4:55am
Well, last night I had a soldier resurrected at 1.4150.

I was a bit too keen to go long last week, but the robustness (is that a word?) of the method has me back in profit again.

Gagiul, I agree with you about the 'greatness' of this method. It's genius is in it's simplicity. My account is now moving in the right direction and I have Jacko to thank for sharing his ideas here.

Thanks Jacko.

Neil.
  • #8
  • Oct 11, 2007 5:04am Oct 11, 2007 5:04am
Quoting gagiul
Hey Neil, your idea is good and I sustain it. You can count on me for posting Jacko's type trades here.

I am still playing with Jacko's method, which I think is one of the greatest ever - and I am using it with a small real account, with 0.01 lots, just to learn.

Currently I try to implement his strategy in EU, Aud Usd and Usd Cad, because these pairs all trend very strongly and the daily range is almost the same, around 80 - 100 pips, so a 50 pip stop works perfectly.

My current trades are only in EU - I bought at 1.4100, and the trade is trailed now to 1.4120 - because EU made a high at exactly 1.4170... I will just wait and see what happens; it looks like now its in a retrace period, but looking on the daily, it seems that EU finally resumed its uptrend. I hope so at least...

For Usd Cad, im short from 0.9870, stop at 0.9840, trailed 50 pips.
Gagiul,

How long have you been using this method on USD/CAD? Your current position seems to be going well. I will keep an eye on this pair too. Thanks.

Neil.
  • #9
  • Oct 11, 2007 5:07am Oct 11, 2007 5:07am
Quoting Afxtrader
Neil thanks for doing this. Hopefully this will allow Jacko's journal to remain clean and continue providing benefit to everyone. I will be following along with this journal also and wish you great success in your trading.

AFX
Quoting cesarnc
Nice initiative...

I refrain from posting there as I know it is not that welcome, so here´s the place...

Let's do it!

Neil.
  • #10
  • Oct 11, 2007 11:51am Oct 11, 2007 11:51am
Quoting Neilg36
Gagiul,

How long have you been using this method on USD/CAD? Your current position seems to be going well. I will keep an eye on this pair too. Thanks.

Neil.
My Usd Cad position is doing very well. I have been trying Jacko for about 1 week only with Usd Cad, but I guess it has the same strategy features, because is Usd Cad is strongly trending and the average daily range is almost the same like EU.

Now I am pissed off because I got stopped out from my EU trade at 1.4163 - because I trailed it 50 pips - only to see the pair running at 1.4230 after. Damn, so much money lost, just because of this trailing. Because I have stopped before as well on 50 pips trailing, I am considering on putting stops below the 4 H lows for EU, instead.

What is your position in EU btw?
We leave no soldier behind.
  • #11
  • Oct 11, 2007 12:45pm Oct 11, 2007 12:45pm
Quoting gagiul
I got stopped out from my EU trade at 1.4163 - because I trailed it 50 pips - only to see the pair running at 1.4230 after.
I was stopped at 1.4162. I think that this problem won`t occur that often.Maybe that was just a bit bad luck today.what do u think?
  • #12
  • Oct 11, 2007 1:49pm Oct 11, 2007 1:49pm
Quoting gagiul
Now I am pissed off because I got stopped out from my EU trade at 1.4163 - because I trailed it 50 pips - only to see the pair running at 1.4230 after. Damn, so much money lost, just because of this trailing. Because I have stopped before as well on 50 pips trailing, I am considering on putting stops below the 4 H lows for EU, instead.

What is your position in EU btw?

Gagiul,

stopped out too at around the same level. Now trying to wait patiently for another entry long.

Neil.
  • #13
  • Oct 11, 2007 3:54pm Oct 11, 2007 3:54pm
This pair was a piece of work today...

Jacko's "50pips trailing", on his own words is the line he drew in the sand. However, euro is putting 50-60 pips up and down easily.

Anyone holding longs, must have being stopped out at 4163 just to see euro putting new highs.

In these times with strong volatility, I think a 75 pips is safer for this pair.

Another thing, euro broke out from its corrective pattern yesterday and today it breached the "yelow line", that was a strong resistance for 5 days.

The Long cause
It also bounced off the 23% fibo, which is bullish in the immediate term + very, very steep RSI in the daily.

Odds favour longs for new highs in the upcoming sessions. 1,43 first, 1.44 not ruled out.

The Short cause
In the other hand, taking out 4150 is bearish. I have no remorse about shorting this pair using the same strategy. A short at 4140 with trailing 75 looks fine if we are to see a correction here.

Fundamentally
Nobody, no data, no nothing is taking out from the market's mind that "cut feeling". Even the strong data today did little for the dollar, that had to face another dumping round right after...

Thoughts?
Attached Image
  • #14
  • Oct 11, 2007 5:56pm Oct 11, 2007 5:56pm
Quoting cesarnc
This pair was a piece of work today...

Jacko's "50pips trailing", on his own words is the line he drew in the sand. However, euro is putting 50-60 pips up and down easily.

Anyone holding longs, must have being stopped out at 4163 just to see euro putting new highs.

In these times with strong volatility, I think a 75 pips is safer for this pair.

Another thing, euro broke out from its corrective pattern yesterday and today it breached the "yelow line", that was a strong resistance for 5 days.

The Long cause
It also bounced off the 23% fibo, which is bullish in the immediate term + very, very steep RSI in the daily.

Odds favour longs for new highs in the upcoming sessions. 1,43 first, 1.44 not ruled out.

The Short cause
In the other hand, taking out 4150 is bearish. I have no remorse about shorting this pair using the same strategy. A short at 4140 with trailing 75 looks fine if we are to see a correction here.

Fundamentally
Nobody, no data, no nothing is taking out from the market's mind that "cut feeling". Even the strong data today did little for the dollar, that had to face another dumping round right after...

Thoughts?
as usual, smart analysis, cesarnc. Thank you. and keep'em coming.
We leave no soldier behind.
  • #15
  • Oct 11, 2007 9:30pm Oct 11, 2007 9:30pm
Quoting cesarnc
This pair was a piece of work today...

Jacko's "50pips trailing", on his own words is the line he drew in the sand. However, euro is putting 50-60 pips up and down easily.


Thoughts?
Yup, I almost cried this morning seeeing that. I missed another 30 pips profits. But oh well .. there's money to be made on the short side. I'm looking at 4150 as a short level as well. Targeting 3800-3900. If it drops, its gonna drop real fast.
  • #16
  • Oct 11, 2007 9:51pm Oct 11, 2007 9:51pm
Hmmm...seems there were a number of us that got stopped out in the
1.416X area. Maybe a stop run there? Who knows. My frustration is that I lost out on 50 pips with that trade and 109 pips on the Aud/Jpy because I can no longer access my charts during the day (change in policy at work) and my broker does not have trailing stops.

I guess I can set larger stops, but I wont be able to protect my gains. Just see the results when I get home. And like today that was nearly 14 hours later.

If anyone has this same problem I am wondering what methods you use.
  • #17
  • Oct 11, 2007 10:31pm Oct 11, 2007 10:31pm
Hey guys,
I wonder if we can use patterns to help us predict fiber moves in addition to jacko’s great trading method. If you have a look at the chart below, you’ll notice that fiber follows patterns while trending.
e.g. blue boxes are approximately 900-1000ps, purple-retracing boxes are approx. 500pips. Based on this I would expect fiber to visit 1.38 are before inching higher…
any thoughts?
..
Attached Image (click to enlarge)
Click to Enlarge Name: eu patterns.gif Size: 23 KB
  • #18
  • Oct 12, 2007 12:17am Oct 12, 2007 12:17am
The Harmonics traders might want to take a good look at those boxes. How many bars are they from left to right? Look for multiples of 15. Or take a fib time tool and stretch it accross them and see where the time intervals line up with the box sides.

Just a couple of thoughts.

Lou
  • #19
  • Oct 12, 2007 2:05am Oct 12, 2007 2:05am
Quoting Lou
Hmmm...seems there were a number of us that got stopped out in the
1.416X area. Maybe a stop run there? Who knows.
i believe the drop to 4160 coincided with the positive u.s. trade balance news... i got stopped out there as well.

trev
  • #20
  • Oct 12, 2007 10:45am Oct 12, 2007 10:45am
Quoting Lou
The Harmonics traders might want to take a good look at those boxes. How many bars are they from left to right? Look for multiples of 15. Or take a fib time tool and stretch it accross them and see where the time intervals line up with the box sides.

Just a couple of thoughts.

Lou
Thanks for your input Lou..

It's similar to harmonics, but not quite the same. It's been very accurate in pinpointing turning points and trend reversals for a guy, who uses it religiously on fiber and cable. Anyways, not much interest in it I see....
See you guys again at 1.38xx.....
happy trading.

p.s. short from 1.4204 earlier today
(mbqb11, SL)
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